A regular underwriting and loss control question from our Insurance Companies is “Do you have a Disaster Recovery Plan?” The typical response of a busy Entrepreneur is “Well sorta,… kinda.”
As Entrepreneurs, we’re genetically wired to think positively and to spend our time on opportunities, not on negative thoughts and threats to our business. But the well-managed company gives some thought to being prepared with a plan for foreseeable disasters.
Disaster Recovery Planning
A regular underwriting and loss control question from our Insurance Companies is “Do you have a Disaster Recovery Plan?” The typical response of a busy Entrepreneur is “Well sorta,… kinda.”
As Entrepreneurs, we’re genetically wired to think positively and to spend our time on opportunities, not on negative thoughts and threats to our business. But the well-managed company gives some thought to being prepared with a plan for foreseeable disasters.
Most of our Insurance Company Partners have resources to help with this planning process. There are many websites (google “Disaster Recovery Planning”) that will be happy to sell you books and manuals on the subject costing $100 – $200 and up.
However, for the management team of an entrepreneurial firm that is working on this issue for the first time, this Best Practices article from The Hartford entitled “Emergency Preparedness,” is a good starter piece for this type of planning.
Furthermore, the quadrant tool they have suggested is a great place to begin the brainstorming process to elicit the various loss scenarios and properly categorize and prioritize them. You can then begin developing recovery plans for the most critical of the loss possibilities.
For your convenience, we have blown up the quadrant tool so it can be more easily used in your planning.
– Corrie Foos, ARM, Archway Insurance Brokers, LLC
Employment Practices Liability
“Taking your life in your hands: Exempt Status for Inside Sales People“
What an IIPP Is and How It Works
The Injury and Illness Prevention Program (IIPP) is a basic written workplace safety program. Title 8 of the California Code of Regulations (T8CCR) section 3203, requires every employer to develop and implement an effective IIPP. An effective IIPP improves the safety and health in your workplace and reduces costs by good management and employee involvement. The 8 required Injury and Illness Prevention Programs are:
- Responsibility
- Compliance
- Communication
- Hazard Assessment
- Accident/Exposure Investigation
- Hazard Correction
- Training and Instruction
- Recordkeeping
